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The following is Citigroup Inc. ( C ) stock technical analysis for August 12, 2011
Citigroup Inc (NYSE:C) Support & Resistance Levels - 8/12/11
Citigroup Inc. (NYSE:C) failed at $32 and dropped back below $30 on Friday. Citigroup Inc recently hit a low of $26.25 which will be support for the next few weeks. Citigroup Inc. (C) is rated a buy below $27 from here on out for a bounce trade. Citigroup Inc. (C) will now have resistance up around $32. If Citigroup Inc (C) can break above $32 and hold, it has the chance to rally up to the $34-$35 area.
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